Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
The 4 bungalows sit on a site spanning 12,264 sq ft and have a consolidated built-up area of 19,353 sq ft. They were built in 2009, with the proprietor looking to offer them collectively. All four bungalows are currently rented plus will certainly be sold with occupancies.
The sale presents a “uncommon chance” for an investor to acquire 4 freehold strata bungalows that are nestled inside an exclusive nonpublic landed household territory, states Tracy Goh, head of financial investment as well as collective sales at PropNex. “This profile of bungalows is especially matched for multi-generation households that want to live together whilst possessing their very own area and also privacy,” she adds.
The 4 strata bungalows are positioned approximately 500m from Sixth Avenue MRT Station on the Downtown Line and also has access to highways like Dunearn Roadway and even the Pan-Island Expressway. Schools nearby consist of Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior College, and Hwa Chong Institution.
Goh mentions that ever since 2010, there have been just 14 resale deals at the place, including a close-by bungalow that was sold off for $21.5 million ($2,431 psf) in September 2022.
She puts in that freehold landed estates in Singapore have actually constantly seen healthy and balanced cost progress, rising by 13.3% and also 9.6% specifically in 2021 and 2022. In 1Q2023, landed residence rates rose 5.9% q-o-q. “We anticipate the limited supply of landed homes in Singapore will certainly keep on support prices amidst steady demand for such residences,” she claims.
Goh indicates that the current hikes of the added customer’s stamp duty (ABSD), which took effect on April 27, is not expected to affect interest for the bungalows at Vanda Crescent as immigrants are not authorized to get landed homes on mainland Singapore. On top of that, as the bungalows will certainly be sold under a solitary title, they might not call for ABSD if the client is a Singapore national and also a newbie home purchaser.
Each bungalow has 5 en suite bed rooms together with its very own swimming pool and basement level. The homes offer a common compound.
The properties, secured by an one business owner, are located off Dunearn Road in the Bukit Timah area in prime District 11. The estates are located close to the Eng Neo Avenue and also Raffles Park Good Class Bungalow (GCB) spots.
Four freehold strata bungalows in Vanda Crescent will be launched for sale on May 3 by means of private treaty, according to marketing representative PropNex Realty in a May 2 announcement. The guide cost of the real estates is $33 million, or $2,690 psf on the land area.